AirPods, Apple Watch, and HomePod will face 10 percent import tax, starting in September [The Verge]
Apple Inc. (AAPL)
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Source: The Verge
AirPods, Apple Watch, and HomePod will face 10 percent import tax, starting in September A new set of tariffs from the Trump administration will put a 10 percent import tax on smartwatches, fitness trackers, smart speakers, and Bluetooth headphones, starting September 1st. The administration plans to delay But the tariffs are still likely to land heavily on , which relies on Chinese manufacturing for its HomePod, AirPods, and Watch. These goods were exempted last year after manufacturers sent letters to the government asking for relief. “It is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government’s objectives with respect to China’s technology policies,” wrote Although the iPhone and MacBook Pro are spared until December, this tariff hike will still have a significant impact on ’s bottom line. CEO Tim Cook said ’s seen the tariffs coming for nearly a year now and has reportedly explored moving manufacturing out of China in response.
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